we have to recognize we have a $1 trillion annual deficit. unless we deal with ways of getting revenue and cut spending we'll be in a bad situation in our country for quite some time. carried interest shouldn't be singled out. everything shoulgd be looked at. >> due agree it should be taken out. everything should be looked at. but with respect to carried interest. >> carried interest won't solve the problem. we have a $1 trillion annual deficit. carried interest would carry about one tenth of 1%. we should solve the deficit. >> it sounds like you say keep it. >> i'm saying look at everything but look at it in the context what it will kofl. our bigger is not carried interest it's the deficit and the $16 trillion of debt. that's a far greater problem. >> what would you do and what would you recommend whoever the next president do to solve the fiscal cliff crisis? >> first what i would recommend and again i was in government and i didn't solve all these problems so i'm not a person that has all the solutions but what i would recommend the next p